ECB: eyes on the Euro

Monday 29 January 2018

Research / Market

ECB: eyes on the Euro

"Draghi was quite tough in highlighting that targeting a weak FX is in breach of international commitments."


  • ECB FX concerns: This was supposed to be a “wait and see” meeting, but developments in the FX market, and the generalized USD weakness, led the ECB to express its concerns on the FX volatility. Draghi condemned possible currency manipulation as being in breach of international commitments, and highlighted that volatility in the exchange rate is a source of risks and it is certainly globally negative...

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